Maturity Value

Published: | Updated: May 5, 2018

Definition - What does Maturity Value mean?

Maturity value is an asset's value after it has reached full maturity. Many life insurance policies have maturity dates.

Insuranceopedia explains Maturity Value

If the person reaches their life insurance's maturity date, the insurance contract will often stipulate that the insurer will have to pay the death benefit, or the cash value, directly to the insured.

The maturity date of life insurance policies are typically set at the policyholder's 100th or 121st birthday. Since very few people reach this age, death benefits normally go to the beneficiary instead of the policyholder.

How Well Do You Know Your Life Insurance?

The more you know about life insurance, the better prepared you are to find the best coverage for you.

Whether you're just starting to look into life insurance coverage or you've carried a policy for years, there's always something to learn.

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